Dar claims that the economy is on the right track.

Finance Minister Ishaq Dar stated on Saturday that Pakistan is on the right track and will not default, despite opposition propaganda.

"Pakistan will not default solely due of opposition propaganda" (Pakistan Tehreek-i-Insaf). "The country's orientation is correct, and it is not on the verge of default," Mr Dar asserted during his meeting with business leaders.

PTI Chairman Imran Khan and other party leaders have predicted that Pakistan will fail due to the coalition government led by the PML-"bad N's policies." Mr Khan believes that the country's economy can only be stabilized if a stable administration pursues new elections and addresses the crisis.

Mr Dar went on to say that the opposition was harming the country's "economic cause." "In addition, the opposition is attempting to deter foreign investment in the country by spreading corruption stories." "The PTI must take a serious stance and refrain from meddling with the country's economy," he emphasized.

The minister bemoaned the treatment he received during the PML's previous administration. "I was treated as if I were a terrorist." And my only offense was that I was repairing the country's economic ills. "I was compelled to live in self-exile (in the United Kingdom) for five years," Mr Dar explained.

He also chastised the previous PTI and PML-N governments for continuing with the rupee depreciation policies. "We depreciated the rupee." "During Shahid Khaqan Abbasi's tenure, I made it clear that if a devaluation policy was followed, the government would be unable to stop the depreciation of our currency," he asserted.

Ishaq Dar criticized his party's former finance minister, Miftah Ismail's, policies. Mr Dar succeeded Mr Ismail upon his return from London in September after getting bail in a NAB corruption reference. He focused on stabilizing the local currency.

During his first few weeks in government, the rupee rose in value against the US dollar, reaching over Rs230, and foreign cash, particularly the US dollar and Euro, is scarcely accessible in the open market.

Mr Dar stated that no more experimentation with the national economy will be permitted. "We are doing everything we can to stabilize the economy," he said, adding that the administration has resolved to put a halt to wheat smuggling on a war footing.

According to Samaa TV, he stated that the way Pakistan was expanding while the PML-N administration was in power, it should have been among the G-20 countries now. Instead, he bemoaned the fact that "our economy is today ranked 46th in the world."

The finance minister recalled that when they took over in 2013, many people predicted that the country would default, but the PML-N government was able to avoid that.

Mr Dar remarked of the current issues confronting the PDM government, "We would have to work hard and focus on improving Pakistan's macroeconomic indices."

"Here, the wealthiest get their loans cancelled off, but if a few thousand poor widows' loans are late, their properties are taken," he explained.

A participating businessman, Gohar Ijaz, pushed the government to lower the interest rate. Despite inflation, Turkey kept interest rates low; "why can't we?" he wondered.

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